Bit-comment: Bitcoin grew, but without FOMO
May 05, 2020 @ 11:54 +03:00
Bitcoin got help from buyers after a decline to $8700 and now try to cling to $9000. In any case, the dynamics of the last few days do not fit into the representation of crypto enthusiasts in halving-FOMO. There are growing fears among cryptomarket participants that falling below the 200-day average (now at $8,500) will trigger a wave of sales. In the meantime, this line acts as a support. Historical data shows that after halving, we may well expect a significant decline, but mostly it is based on the fact that before halving there was a growth. The Crypto Fear & Greed Index has gone down again, losing 4 points in the last 24 hours.
The FxPro Analyst Team